With the new tax year fast approaching, many businesses are beginning to prepare for the changes introduced by Making Tax Digital (MTD). From April, sole traders…
With the Self Assessment deadline of 31 January just around the corner, HMRC is alerting taxpayers to a rise in scams targeting individuals at this time of year.…
For many sole traders and small business owners, reviewing their accounting system only happens when something forces the issue. For instance, many sole traders are…
Get paid first – why your salary should be your business’s first monthly expense!
It’s the line item most often left out of a small company’s budget: the business owner’s salary.
Let’s…
Depending on the nature of your business, you may have workers who are employees or contractors, or you may have both. Each has their merits, but it’s important to review…